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Securities (Tables)
12 Months Ended
Dec. 31, 2017
Investments Debt And Equity Securities [Abstract]  
Available for Sale Securities

The amortized cost and fair value of available for sale securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive loss were as follows:

 

 

 

Amortized

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

Losses

 

 

Fair Value

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities and obligations of

   U.S.government agencies

 

$

30,450

 

 

$

100

 

 

$

(192

)

 

$

30,357

 

Obligations of states and political subdivisions

 

 

114,002

 

 

 

4,226

 

 

 

(172

)

 

 

118,056

 

Mortgage-back securities in government sponsored

   entities

 

 

82,098

 

 

 

408

 

 

 

(690

)

 

 

81,817

 

Total debt securities

 

 

226,550

 

 

 

4,734

 

 

 

(1,054

)

 

 

230,230

 

Equity securities in financial institutions

 

 

481

 

 

 

351

 

 

 

 

 

 

832

 

Total

 

$

227,031

 

 

$

5,085

 

 

$

(1,054

)

 

$

231,062

 

 

 

 

Amortized

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

Losses

 

 

Fair Value

 

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities and obligations of

   U.S.government agencies

 

$

37,406

 

 

$

117

 

 

$

(77

)

 

$

37,446

 

Obligations of states and political subdivisions

 

 

92,177

 

 

 

3,395

 

 

 

(574

)

 

 

94,998

 

Mortgage-back securities in government sponsored

   entities

 

 

62,756

 

 

 

483

 

 

 

(597

)

 

 

62,642

 

Total debt securities

 

 

192,339

 

 

 

3,995

 

 

 

(1,248

)

 

 

195,086

 

Equity securities in financial institutions

 

 

481

 

 

 

297

 

 

 

 

 

 

778

 

Total

 

$

192,820

 

 

$

4,292

 

 

$

(1,248

)

 

$

195,864

 

 

Fair Value of Securities by Contractual Maturity

The amortized cost and fair value of securities at year end 2017 by contractual maturity were as follows. Securities not due at a single maturity date, primarily mortgage-backed securities, are shown separately.

 

 

 

Available for sale

 

 

 

Amortized Cost

 

 

Fair Value

 

Due in one year or less

 

$

8,787

 

 

$

8,765

 

Due from one to five years

 

 

27,662

 

 

 

27,691

 

Due from five to ten years

 

 

30,167

 

 

 

31,622

 

Due after ten years

 

 

77,836

 

 

 

80,335

 

Mortgage-backed securities in government sponsored

   entities

 

 

82,098

 

 

 

81,817

 

Equity securities in financial institutions

 

 

481

 

 

 

832

 

Total

 

$

227,031

 

 

$

231,062

 

 

Proceeds from Sales of Securities, Gross Realized Gains and Losses

Proceeds from sales of securities, gross realized gains and gross realized losses were as follows:

 

 

 

2017

 

 

2016

 

 

2015

 

Sale proceeds

 

$

953

 

 

$

4,349

 

 

$

 

Gross realized gains

 

 

 

 

 

18

 

 

 

 

Gross realized losses

 

 

 

 

 

 

 

 

 

Gains (losses) from securities called or settled by the

   issuer

 

 

12

 

 

 

1

 

 

 

(18

)

 

Securities with Unrealized Losses Not Recognized in Income

Debt securities with unrealized losses at year end 2017 and 2016 not recognized in income are as follows:

 

2017

 

12 Months or less

 

 

More than 12 months

 

 

Total

 

Description of Securities

 

Fair

Value

 

 

Unrealized

Loss

 

 

Fair

Value

 

 

Unrealized

Loss

 

 

Fair

Value

 

 

Unrealized

Loss

 

U.S. Treasury securities and obligations of

   U.S. government agencies

 

$

20,449

 

 

$

(100

)

 

$

6,617

 

 

$

(92

)

 

$

27,066

 

 

$

(192

)

Obligations of states and political subdivisions

 

 

4,057

 

 

 

(41

)

 

 

7,309

 

 

 

(131

)

 

 

11,366

 

 

 

(172

)

Mortgage-backed securities in gov’t sponsored

   entities

 

 

29,534

 

 

 

(195

)

 

 

22,199

 

 

 

(495

)

 

 

51,733

 

 

 

(690

)

Total temporarily impaired

 

$

54,040

 

 

$

(336

)

 

$

36,125

 

 

$

(718

)

 

$

90,165

 

 

$

(1,054

)

 

2016

 

12 Months or less

 

 

More than 12 months

 

 

Total

 

Description of Securities

 

Fair

Value

 

 

Unrealized

Loss

 

 

Fair

Value

 

 

Unrealized

Loss

 

 

Fair

Value

 

 

Unrealized

Loss

 

U.S. Treasury securities and obligations of

   U.S. government agencies

 

$

13,271

 

 

$

(61

)

 

$

893

 

 

$

(16

)

 

$

14,164

 

 

$

(77

)

Obligations of states and political subdivisions

 

 

17,167

 

 

 

(558

)

 

 

519

 

 

 

(16

)

 

 

17,686

 

 

 

(574

)

Mortgage-backed securities in gov’t sponsored

   entities

 

 

35,453

 

 

 

(566

)

 

 

2,849

 

 

 

(31

)

 

 

38,302

 

 

 

(597

)

Total temporarily impaired

 

$

65,891

 

 

$

(1,185

)

 

$

4,261

 

 

$

(63

)

 

$

70,152

 

 

$

(1,248

)